When Ordinals launched in January, it caused an uproar in the Bitcoin community as enthusiasts, advocates, and developers argued the merits of putting JPEG on the blockchain.
While the heated debate continues, the number of Bitcoin inscriptions using Ordinals has already surpassed 11,000 on Tuesday, according to a Dune report.
The first project, Counterparty, first introduced non-fungible tokens to Bitcoin with the Rare Pepes collection in 2014, with Stacks following in 2017.
However, the Ordinals project is different because the assets, including JPEGs and even video games, are inscribed directly on satoshis on the Bitcoin blockchain
The Ordinals project has consumed the Bitcoin community and sparked new debates and questions about the ultimate purpose of the Bitcoin network.
For some, Ordinals opened Pandora's box of threats to the Bitcoin network, including malware attacks and skyrocketing transaction fees.